The dollar fell sharply against the yen and is expected to try to break below the 155 mark for the third time. This week, the size of Japanese yen options is higher than in May and August, which will boost foreign exchange traders' confidence. The dollar almost broke through this point against the yen in the previous two months, but in the end, to no avail. Furthermore, due to the general rise in the current market, the cross-market volume of yen against the euro and the Swiss franc was also significantly higher than usual. The Bank of Japan allegedly tends to raise interest rates by 25 basis points after two weeks, rather than more drastically. However, investors increasingly believe that the first continuous rate hike in this century may become an optional policy. This is enough to support the yen bulls to continue to go long before the Bank of Japan makes a decision. Meanwhile, keeping interest rates unchanged by the Federal Reserve in September has increasingly become the market's benchmark expectation, further favoring the yen.

The dollar fell sharply against the yen and is expected to try to break below the 155 mark for the third time. This week, the size of Japanese yen options is higher than in May and August, which will boost foreign exchange traders' confidence. The dollar almost broke through this point against the yen in the previous two months, but in the end, to no avail. Furthermore, due to the general rise in the current market, the cross-market volume of yen against the euro and the Swiss franc was also significantly higher than usual. The Bank of Japan allegedly tends to raise interest rates by 25 basis points after two weeks, rather than more drastically. However, investors increasingly believe that the first continuous rate hike in this century may become an optional policy. This is enough to support the yen bulls to continue to go long before the Bank of Japan makes a decision. Meanwhile, keeping interest rates unchanged by the Federal Reserve in September has increasingly become the market's benchmark expectation, further favoring the yen.